Global food additives market to exceed 33 B by 2015

Global Industry Analysts Inc. (GIA) has released a global report on food additives market that shows that the world market for food additives is projected to exceed $33.9 billion by the year 2015. The factors playing a prominent role in the growth of the food additives market include adoption of sophisticated food processing methods by developing countries, restructuring of food processing companies, and a demand for more complicated food ingredients by processors.

The United States and Europe dominate the world food additives market. Americans are particularly conscious of the calorie content, and hence low-calorie, low-fat foods are popular in the United States. This indicates a growing demand for food additives such as fat replacers, artificial sweeteners, and hydrocolloids.